SEVERE WX : Fire Weather Watch View Alerts

WSJ: Boy Scouts may file for bankruptcy

The Boy Scouts of America is considering filing for bankruptcy, the Wall Street Journal reported Wednesday....

Posted: Dec 14, 2018 3:38 AM
Updated: Dec 14, 2018 3:38 AM

The Boy Scouts of America is considering filing for bankruptcy, the Wall Street Journal reported Wednesday.

Boy Scouts leadership has hired the law firm Sidley Austin LLP for possible chapter 11 bankruptcy filing assistance, people familiar with the matter told the Wall Street Journal.

Bankruptcy

Boy Scouts of America

Business financial trouble

Business, economy and trade

Companies

Company activities and management

Financial performance and reports

News Corp

Non-profit and NGO organizations

The Wall Street Journal

According to the newspaper, filing for bankruptcy would halt the many lawsuits the organization faces alleging inappropriate conduct by employees.

In a statement released Wednesday "in anticipation of news reports that will speculate about the BSA's financial position," the Boy Scouts said no immediate decisions are expected.

"We are working with experts to explore all options available to ensure that the local and national programming of the Boy Scout of America continues uninterrupted," Michael Surbaugh, chief scout executive, said in the statement.

"We have an important duty, and an incredible opportunity, to focus as an organization on keeping children safe, supported and protected, and preparing youth for their futures through our nation's foremost program of character development and values-based leadership training."

The statement acknowledged legal costs related to lawsuits against BSA alleging sexual or inappropriate conduct with boys.

"We believe (victims), we believe in fairly compensating them and we have paid for unlimited counseling, by a provider of their choice, regardless of the amount of time that has passed since an instance of abuse," the statement said.

California Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 346211

Reported Deaths: 7250
CountyConfirmedDeaths
Los Angeles1405763897
Riverside26481553
Orange26120433
San Diego20887436
San Bernardino20456309
Fresno875691
Alameda8321152
Imperial8119141
San Joaquin721673
Kern675998
Santa Clara6725180
Tulare6209153
Sacramento593891
Stanislaus535657
Contra Costa502392
San Francisco464050
Ventura461953
Santa Barbara432331
San Mateo4168114
Marin388838
Kings307840
Monterey283518
Solano231331
Merced218313
Sonoma188616
Placer115111
San Luis Obispo10785
Madera10039
Yolo99929
Santa Cruz6003
Napa5304
Lassen4410
Sutter4414
Butte4164
San Benito3982
El Dorado3500
Yuba2213
Shasta2036
Glenn1830
Nevada1831
Humboldt1674
Mendocino1460
Colusa1350
Lake1221
Tehama1211
Tuolumne760
Calaveras750
Del Norte610
Mono521
Amador450
Siskiyou430
Inyo371
Mariposa341
Plumas200
Alpine20
Trinity20
Sierra10
Unassigned00
Chico
Clear
90° wxIcon
Hi: 102° Lo: 67°
Feels Like: 90°
Oroville
Clear
89° wxIcon
Hi: 101° Lo: 67°
Feels Like: 89°
Paradise
Clear
90° wxIcon
Hi: 94° Lo: 67°
Feels Like: 90°
Chester
Clear
76° wxIcon
Hi: 91° Lo: 63°
Feels Like: 76°
Red Bluff
Clear
88° wxIcon
Hi: 109° Lo: 69°
Feels Like: 90°
Willows
Clear
90° wxIcon
Hi: 106° Lo: 64°
Feels Like: 90°
Wednesday was a scorching day for parts of the valley as northerly airflow really warmed our temperatures. The breezes will continue Thursday, but their direction will shift and it will be slightly cooler.
KHSL Severe
KHSL Radar
KHSL Temperatures

Community Events